what does inflation taste like

167 views • 4 upvotes • Made by Via_Getty 3 years ago in politics

4 Comments

berry2690
1 up, 3y, 2 replies
Imagine taxing the "Unrealized Gain" on you house every year. Bought it for $200,000, now valued at $220,000 so the government taxes you on the $20,000 even thou you did not sell you house an get the $20,000. Get it now?
Via_Getty
1 up, 3y, 1 reply
That's how property taxes in Texas work already.  County running low on cash?  Surprise!  Your house is now worth 10% more!  Pony up.
berry2690
1 up, 3y
Yes, but this would be income tax on the $20,000, not property tax.
Via_Getty
0 ups, 3y
Oh I get it.  Yellen is a maniacal munchkin.

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UNREALIZED GAINS; THEY'RE TAXABLY DELICIOUS!